The Geneva-based World Health Organisation declared on Thursday (Friday AEDT) that the coronavirus epidemic in China now constitutes a public health emergency of international concern.
WHO director-general Tedros Adhanom Ghebreyesus made it clear that China was working hard to contain the virus and it was "setting a new standard for outbreak response".
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Timothy Moore writes on equities, commodities and monetary policy. He writes Before the Bell and contributes to the Markets Live blog. Connect with Timothy on Twitter. Email Timothy at timothy.moore@afr.com